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Jan 17, 2013
01/13
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they want to be able to compete, and i want to create a better environment for them, nd that helps our citizens. neil: neil, i'm for an efficient tax system, but i recognize we need taxes obviously, and i'm just wondering whether it borders on irresponsible when there's so many republicans, yourself including, bobby in louisiana, and governor bob mcdonald and getting rid of the gas tax all together, whether you're fooling people? leading them to think get rid of the taxes and survive on minor adjustments in other taxes without creating a real problem. >> neil, that's not what we're trying to do. i made it clear the plan is revenue neutral and budget neutral trying to collect the revenue because we have a certain speedometer -- responsibility in government. neil: how can that make up for just entirely taking away the state income tax? >> because right now our state income tax collects bout $2.4 billion, and we exempt $5 billion in sales tax exemptions so my argument is eliminate a half of those exemptions, and you get rid of the income tax. it's simple in that regard. now, it's not that
they want to be able to compete, and i want to create a better environment for them, nd that helps our citizens. neil: neil, i'm for an efficient tax system, but i recognize we need taxes obviously, and i'm just wondering whether it borders on irresponsible when there's so many republicans, yourself including, bobby in louisiana, and governor bob mcdonald and getting rid of the gas tax all together, whether you're fooling people? leading them to think get rid of the taxes and survive on minor...
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Jan 17, 2013
01/13
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it got me out of that situation and into a stable environment where i can recover and go on with the childhood. >> greta: it's so interesting, the odds were so against you and what you've done with your life is so magnificent, i'm in awe of what you've done. i'm curious, how do you reach down in yourself after suffering 17 days in a dungeon, chained, sexually abused, not knowing if you're going to live or die and celebrating your own birthday there, why were you able to -- what is it about you what prevailed so magnificently? >> i think the abuse that i sustained throughout my entire childhood in a warped way prepared me for the abduction that was coming. it made me stronger. it made me street-wise and it ultimately, it, unfortunately, helped me get through everything. >> greta: karen, you met her mother, who neglected her. what did you think about her? >> yeah, i did. i interviewed marilyn beers her biological mother and i think in some ways, marilyn was, it was-- for motherhood and marilyn didn't physically or sexually abuse her child, a-- she desperately and severely neglected her
it got me out of that situation and into a stable environment where i can recover and go on with the childhood. >> greta: it's so interesting, the odds were so against you and what you've done with your life is so magnificent, i'm in awe of what you've done. i'm curious, how do you reach down in yourself after suffering 17 days in a dungeon, chained, sexually abused, not knowing if you're going to live or die and celebrating your own birthday there, why were you able to -- what is it...
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Jan 17, 2013
01/13
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and the problem is, in this environment, there are so many 24-hour news cycles like cnn, like espn. there are so many investigative reporters. there's the internet blogs, everyone in the world focuses and until you put an end to a story like that, whether it's manti te'o or lance armstrong, it continues to build and build and build and the damage was done because the name keeps getting repeated in the most negative way. >> that's exactly what i want to get to, the damage. because with regard to manti te'o, everyone has said that this guy is remarkable and he had extraordinary prospects for the draft. has this done any damage to his draft stock? >> basically what the nfl cares about is the projection of how the player will play on the field over the next 10 to 11 years. players have done much worst things that even if this turns out to be a te'o hoax, they have done worst things and have gotten drafted. the problem is, if it's a big, big character red flag, teams put down guaranteed signing bonuses and cannot lose cap money. it's a disaster if a rookie turns out to be someone that ge
and the problem is, in this environment, there are so many 24-hour news cycles like cnn, like espn. there are so many investigative reporters. there's the internet blogs, everyone in the world focuses and until you put an end to a story like that, whether it's manti te'o or lance armstrong, it continues to build and build and build and the damage was done because the name keeps getting repeated in the most negative way. >> that's exactly what i want to get to, the damage. because with...
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Jan 17, 2013
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what creates that environment? >> right, you don't notice when you place yourself in a permissive environment. let's take the case of infidelity. let's say that you believe you would never cheat on your spouse. it's okay to go to the all girls's singles bar because that would never be something thaw would do. but once you arrive in the situation there is all these temptations and maybe you have a drink or two and do something outside of the bounds of what you anticipated. after the fact, your beliefs actually change about what infidelity means and you revise your beliefs so you are more lenient. this is the kind -- >> you talk environment and want to turn to the psychology to my right, dr. paula bloom. it's also a group mentality thing. when i think academics and you are sitting in a class and it's a group cheat. if someone else is doing it, it's okay. >> right. when it comes to academics, it's a few things. i'm not getting an unfair advantage. i'm leveling the playing field. it's justified. what she was saying is
what creates that environment? >> right, you don't notice when you place yourself in a permissive environment. let's take the case of infidelity. let's say that you believe you would never cheat on your spouse. it's okay to go to the all girls's singles bar because that would never be something thaw would do. but once you arrive in the situation there is all these temptations and maybe you have a drink or two and do something outside of the bounds of what you anticipated. after the fact,...
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Jan 17, 2013
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it's not an environment so different that all of these things are going to happen. and an assault weapons ban is sill a heavy lift. remember, the assault weapons ban we had had a lot of loopholes in it. but the other elements, it's just a different world. and i think national rifle association is no longer supreme in the same way and many of their own members i think are going to start to feel differently. when you get a joe manchin of west virginia coming out and saying "i hunt, i don't need more than three bullets in a magazine" and you get other long-standing strong proponents of the second amendment saying it's time for some changes, we're moving into a different world. >> brown: david kopel, do you think the politics have changed here or do you expect -- well, there certainly will be challenges legislatively. will there also be challenges legally? >> there will certainly be legal challenges because one important thing -- the way things have changechanged is we now have the supreme court having affirmed that the second amendment is an individual right and the co
it's not an environment so different that all of these things are going to happen. and an assault weapons ban is sill a heavy lift. remember, the assault weapons ban we had had a lot of loopholes in it. but the other elements, it's just a different world. and i think national rifle association is no longer supreme in the same way and many of their own members i think are going to start to feel differently. when you get a joe manchin of west virginia coming out and saying "i hunt, i don't...
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Jan 17, 2013
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and you'll see lyric can also give you exceptionally clear, natul sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free informational dvd and brochure. why wait? hear today what a little lyric can do for you. get the hearing aid that can. lyric from phonak. lyric can. charles: if you think your student loans are bad, china will now drop 250 billion dollars a year to send kids, millions of them, to universities. the goal is to have 195 million chinese college grads by the year 2020. but with the slowing economy, it seems they are going to have a whole lot of kids on their hands with big expectations and little opportunity. sounds familiar. let's get back to the markets. it's b
and you'll see lyric can also give you exceptionally clear, natul sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free...
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Jan 17, 2013
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[ laughter ] which is great if there is an inflationary environment? >> if one can buy money at a fixed rate, i would certainly urge them to. in my view, interest rates will certainly be going higher over the next decade or two. these interest rates are absurd and will not last. why would i buy land? because agriculture will be one of the most exciting parts of the economy for the next 20 or 30 years. you should learn how to drive a tractor. dagen: i know how to drive a tractor. i probably learned before you did. talk to me about the treasury rates, real quick. when will this come home for us as a nation because, again, congress and our lawmakers are getting a free pass and not doing anything about our long-term financial situation because we can still borrow at such low rates? >> it is because the federal reserve is in their buying bonds. this is an artificial development right now. something that is artificial, it comes home to haunt them eventually. the problem, i am sure -- the problem, dagen, there may be more turmoil coming in the currency market
[ laughter ] which is great if there is an inflationary environment? >> if one can buy money at a fixed rate, i would certainly urge them to. in my view, interest rates will certainly be going higher over the next decade or two. these interest rates are absurd and will not last. why would i buy land? because agriculture will be one of the most exciting parts of the economy for the next 20 or 30 years. you should learn how to drive a tractor. dagen: i know how to drive a tractor. i...
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Jan 17, 2013
01/13
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k2 trains these dogs to find virtually any type of object, in virtually any type of environment. >> k2 solutions is growing. >> reporter: contractors with more military-specific roles are embracing for worst case scenarios. >> wondering how are they going to survive, how they will be impacted. some are already having to take measures to lay people off. >> reporter: even though everyone is talking about march, this is a problem that is already affecting companies of all sizes right now. martha? martha: sure sounds like it. jonathan, thank you very much. bill: how about that that every glades deal. wading in the dark of the florida everglades. trying to find a python? go get them, phil. we're getting breaking developments what is happening oversees on this hostage matter. it has gone to a new level. jennifer griffin live at the pentagon what we can report what is happening there now. we'll also ask the question is al qaeda emboldened because of benghazi? john bolton, the ambassador, on that. martha: good question. plus the american pastor facing a judge now in iran because he is a christ
k2 trains these dogs to find virtually any type of object, in virtually any type of environment. >> k2 solutions is growing. >> reporter: contractors with more military-specific roles are embracing for worst case scenarios. >> wondering how are they going to survive, how they will be impacted. some are already having to take measures to lay people off. >> reporter: even though everyone is talking about march, this is a problem that is already affecting companies of all...
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Jan 17, 2013
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what's the most insidious thing that happens when people stay too long out of the work environment, they lose relevance. if you are out of work for a very long time, number one, it's harder for you to find a job. you lose relevance. you lose the connections. and you lose job skills. that is the worst thing. >> gretchen: or you just hope than employment insurance will go on forever and ever. >> that saps the soul. people want to work. and when they've been out of work for so long, the computer on their desk will have changed in six months time. our world is changing so rapidly, the best way to get a job is to have a job already, number one. but if you can, stay current with your skills so that you can get back to the work force when the opportunities arise, which again, goes to the basic point. the problem with this economy is that we are not growing jobs and we're not creating jobs. that's the biggest problem in this economy. >> steve: that's why we had good news yesterday where wal-mart announced they were going to hire 100,000 vets, private industry helping us out. ' line, always a ple
what's the most insidious thing that happens when people stay too long out of the work environment, they lose relevance. if you are out of work for a very long time, number one, it's harder for you to find a job. you lose relevance. you lose the connections. and you lose job skills. that is the worst thing. >> gretchen: or you just hope than employment insurance will go on forever and ever. >> that saps the soul. people want to work. and when they've been out of work for so long,...
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Jan 17, 2013
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and when we went home to eat, we ate proportionally because it was a real working-class environment which i grew up. so you didn't have mounds of food on your plate. and there were no snacks in our house. we didn't have potato chips or cookies. my mother would bake cookies once a week and then you'd have them as a treat. it was a whole different eating plan even though we were knocking back cokes all day long. >> with all due respect, i've heard this from joe, that's great that you ran all day. wonderful. that about the kids over the past 10, 20, 30 years who drank five cokes a day and didn't do that. >> is that coke's fault? that's the question. >> actually, it's part of a bigger problem just like the gun debate, okay? >> look, i have friends at coca-cola and friends at most of the soft drink companies. i think you've got to give them credit for at least putting this out there and saying obesity is an issue in america, and calories do count, and we're now talking about it as a result of them doing that. and it probably will generate some kind of a dialogue. >> i'll give them credit skept
and when we went home to eat, we ate proportionally because it was a real working-class environment which i grew up. so you didn't have mounds of food on your plate. and there were no snacks in our house. we didn't have potato chips or cookies. my mother would bake cookies once a week and then you'd have them as a treat. it was a whole different eating plan even though we were knocking back cokes all day long. >> with all due respect, i've heard this from joe, that's great that you ran...
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Jan 17, 2013
01/13
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a stock like citi group, we have in a low growth environment. earning $55 billion of excess capital. 45% of the market gap they can payback. the fed will restrict them in terms of the progress or how quickly they can do it but i would argue it's hard to find a large cap stock that can buy back or pay divisives of 40%, 45% of its market cap. >> kevin good to talk to you. that was for spending some time with us on halftime today. >> appreciate it. >> kevin holt. >>> biggest pops and drop. blackrock is getting a nice pop today. >> company report ad great number. 24 cents above plan. they also announce ad dividend increase better than expected and a buy back. inflows are also being seen. good story. this is the one to own. >> what's going on with lenard. >> i missed this home builder trade. screwed that one up. i'm not of the opinion either of these trade you move to the sidelines. >> netflix. >> netflix looks good too. netflix, big rumor out yesterday about big sellers in the stock. also the announcement that coin star is lunching streaming. >> we
a stock like citi group, we have in a low growth environment. earning $55 billion of excess capital. 45% of the market gap they can payback. the fed will restrict them in terms of the progress or how quickly they can do it but i would argue it's hard to find a large cap stock that can buy back or pay divisives of 40%, 45% of its market cap. >> kevin good to talk to you. that was for spending some time with us on halftime today. >> appreciate it. >> kevin holt. >>>...
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football fields to be to be close now to us now to top their own ways it's kind of a perfect storm environment for the merchants and spread of these so-called super strains of influenza we've known about the consequences of factory farming for a long time now our national diet now has more meat in it than ever before us excel orating heart disease diabetes obesity and other illnesses that are responsible for increasing health care costs factory farms require enormous amounts of food and water and according to a report from the world bank's international finance corporation fifty one percent of all greenhouse gas emissions are the direct or indirect result of giant factory farms raising cattle pigs and poultry other words factory farming is hurdling our planet toward catastrophic climate change but so far these reasons haven't been strong enough to really motivate us to change americans and policymakers have been ready to move away from the factory farm model to bring back local farming and reform our diet by eating fewer dead animals but if nothing else the fear of a worldwide pandemic that ki
football fields to be to be close now to us now to top their own ways it's kind of a perfect storm environment for the merchants and spread of these so-called super strains of influenza we've known about the consequences of factory farming for a long time now our national diet now has more meat in it than ever before us excel orating heart disease diabetes obesity and other illnesses that are responsible for increasing health care costs factory farms require enormous amounts of food and water...
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Jan 17, 2013
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people see a generally positive environment for those stocks. i think lmomentum continues there. >> you are seeing flows into materials and technology, but a flo flow out of staples and health care, correct? >> it's clear as day. for etf investors, all risk on and out of risk off. we've seen a billion dollars flow out of telecom, utilities and a couple billion dollars flow into the risk on sectors like materials, industrials and tech. that's where investors are placing their bets for this earnings season. at least etf investors and so far it's paid off. >> matt, it's tim. how about the etfs that correspond to treasury movements last year, this was a trade that everybody got on, because everybody assumed rates had to go higher eventually. where are people lining up in this? this ite >> we should look very closely as what investors are doing in the bond space. i think they are taking a hands off approach. they are certainly shortening their duration and they are actually outsourcing their active management into funds like bond. we are seeing those
people see a generally positive environment for those stocks. i think lmomentum continues there. >> you are seeing flows into materials and technology, but a flo flow out of staples and health care, correct? >> it's clear as day. for etf investors, all risk on and out of risk off. we've seen a billion dollars flow out of telecom, utilities and a couple billion dollars flow into the risk on sectors like materials, industrials and tech. that's where investors are placing their bets...
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Jan 17, 2013
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the other piece of it is the political environment where we have the ability to fix the situation. we basically know what the fix is. we know that you need a comprehensive debt deal, that is big enough to stabilize the debt, and i think we all remember the period when you were trying to balance the budget, we're not there. we're not going to be there any time soon, but you want to make sure the debt is not growing faster than the economy, and
the other piece of it is the political environment where we have the ability to fix the situation. we basically know what the fix is. we know that you need a comprehensive debt deal, that is big enough to stabilize the debt, and i think we all remember the period when you were trying to balance the budget, we're not there. we're not going to be there any time soon, but you want to make sure the debt is not growing faster than the economy, and
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Jan 17, 2013
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so the only path to america when economically that is we create a regulatory environment, tax environment, and competitive regime here in this country that actually allows our businesses and workers to win in that global wheat competitive game at the moment. we have some extraordinary assets in this country. we have a highly educated and motivated work force that in many respects outperforms, not out educated about from a point of view workers in virtually every effort country. we have the most efficient capital markets in the world. our companies have the lowest cost of capital of any companies anywhere around the globe. we have a spirit of entrepreneurship and innovation and capitalist system and commitment to a capitalist system that is the envy of virtually every other country in the world, and we also have increasingly as elude it to in the earlier panel have always had a very strong natural resources, but with shale oil and gas and the incredible strength of our agricultural industry we have a great natural resources as well so there's a lot to be bullish about in this country in te
so the only path to america when economically that is we create a regulatory environment, tax environment, and competitive regime here in this country that actually allows our businesses and workers to win in that global wheat competitive game at the moment. we have some extraordinary assets in this country. we have a highly educated and motivated work force that in many respects outperforms, not out educated about from a point of view workers in virtually every effort country. we have the most...
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Jan 17, 2013
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the low-ends retail environment is getting more competitive. they have to become more promotional, code for more discounts. in order to hold their own, they have to put real pressure on margins. the higher payroll taxes on consumers, i think it's very hard to make the case that dollar stores can be owned here. it's true companies have big long-term growth stories, as they expand store base around the country. that's not a reason to buy them as long as existing stores have so much trouble. at this point, dollar stores may be too cheap to go much lower, dollar tree sells 14 times earnings, and when their historical multipliers are higher, however, there is no catalyst that can get that multiple to expand. no catalyst to drive this stock higher, and that makes buying them frankly a big no-no. you said to me, jim, give me something in the space. you want something in the space? i say go with cramer fave five below. five for you home gamers. i've been a big fan of this company since it came public in july, and -- philadelphia based and if you got it
the low-ends retail environment is getting more competitive. they have to become more promotional, code for more discounts. in order to hold their own, they have to put real pressure on margins. the higher payroll taxes on consumers, i think it's very hard to make the case that dollar stores can be owned here. it's true companies have big long-term growth stories, as they expand store base around the country. that's not a reason to buy them as long as existing stores have so much trouble. at...
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Jan 18, 2013
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for the environment? for climate? for science? for technology? we are getting the government. this is the hard truth. what is going to happen in two months is to solidify this. nobody is speaking out for the government. we're talking of protecting the few entitlements -- that is the rearguard action. do not kill everything. but we'll squeeze into nothing. you are absolutely right -- the top cannot pay. they have been given every way to get their money out tax-free. it is trillions of dollars that have been lost, in addition to what has been wasted. [applause] >> it is about to get fun. if i can get some quick responses -- i want to come to you. jeffrey sachs said a moment ago -- there is a bipartisan consensus that the port chester not matter. they end up being more and more invisible -- the port just do not matter. they end up being more and more invisible. talk about a guy like in johnson who in doing what he did make it clear that he knew he was writing off the south for the next 30 years of pushing the programs he pushed, the war on poverty, the civil rights act. let me as
for the environment? for climate? for science? for technology? we are getting the government. this is the hard truth. what is going to happen in two months is to solidify this. nobody is speaking out for the government. we're talking of protecting the few entitlements -- that is the rearguard action. do not kill everything. but we'll squeeze into nothing. you are absolutely right -- the top cannot pay. they have been given every way to get their money out tax-free. it is trillions of dollars...
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Jan 17, 2013
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i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our pick it into our what it's done over
i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have...
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Jan 17, 2013
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and then the mortgage re-phi boom in this interest rate environment has been a boom in the past couple of years. those are going to expire at some point. with interest rates where they are, it's difficult for the banks on margin. there's no question the banking system is much stronger, earning better and is has much higher capital and liquidity than it's had probably forever almost. >> you know, well, that's quite a statement because there's a lot of people who would still say banks shouldn't necessarily be turning around and handing capital back to shareholderses. would you agree that given the improvements we've made, it's time for them to be allowed to go forward? >> i think that the banks have accumulated so much capital and that they really don't have a good use for it in light of the lack of qualified loan demand. i'm not saying lack of loan demand because there's a lot of loan demand. but the credit standards are much higher and you don't have much to do with the capital. so you have to give it back if you don't need it. i'm talking about toous banks. it's not true around the wo
and then the mortgage re-phi boom in this interest rate environment has been a boom in the past couple of years. those are going to expire at some point. with interest rates where they are, it's difficult for the banks on margin. there's no question the banking system is much stronger, earning better and is has much higher capital and liquidity than it's had probably forever almost. >> you know, well, that's quite a statement because there's a lot of people who would still say banks...
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provide $50 million to help 8000 schools to train teachers and staff to create safer environments. when it comes to mental health, more money, provided $55 million for new initiative to make sure students get mental treatment. $25 million for state base strategies supporting individuals age 16-25 with mental health or substance abuse issues. another $25 million to offer students mental-health services for trauma or anxiety. $50 million to train 5000 additional mental health professionals serving children and young adults. those are the items the washington post as identified that congressional action would be necessary. as we go throughout the morning, a lot of editorials from this morning's papers. we were reports of those as well. we take your calls and get your thoughts, jeff is a gun owner from missouri. thank you for holding. go ahead. caller: the sun is just coming up here, and it has been up for you a little bit. i wanted to address the. a lot of people -- the point a lot of people forget. the second amendment was put into place to protect people from being observed by a cor
provide $50 million to help 8000 schools to train teachers and staff to create safer environments. when it comes to mental health, more money, provided $55 million for new initiative to make sure students get mental treatment. $25 million for state base strategies supporting individuals age 16-25 with mental health or substance abuse issues. another $25 million to offer students mental-health services for trauma or anxiety. $50 million to train 5000 additional mental health professionals...
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Jan 17, 2013
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also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance. we are in three stages, two are completed. we are certainly short of a few members, one of which is obviously a key member. that is all everyone into open bar conference with. i w
also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through...